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MB-2966 - USA (North Carolina) - Actuarial Services for Workers Compensation, Property and Liability Claims - Deadline April 29,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-2966

Government Authority located in North Carolina; USA based organization looking for expert vendor for actuarial services for workers compensation, property and liability claims.

[A] Budget: Looking for Proposal

[B] Scope of Service:

(1) Vendor needs to provide actuarial services for administers self-insured workers’ compensation and liability claims funds to provide cost-effective, quality claims services to claimants.
- Study shall include claims exposures for all city departments and shall include but not be limited to projection of the retained unpaid loss and allocated loss adjustment expenses as of june 30
of the current year using loss and exposure data evaluated as of june 30 of the current year for
workers’ compensation, general liability and automobile liability, application of multiple actuarial methodologies, including both development methods and exposure-based methods, prepare loss development triangles and select loss development factors at various historical retentions for each line of business and entity; provide key diagnostic triangles and observations, analyse and select client-specific trends for frequency, severity, and loss costs, analyse and provide observations on claim counts, frequency rates, and claim closure rates and provide an estimate of incurred but not reported (IBNR) claim counts, provide summary of loss costs, frequency and severity as well as change in ultimate losses by coverage and in total, adjust for the impact of first party property claims included in the general liability data, advise confidence levels for city self-insured workers’ compensation and property/liability funds, provide cost allocation methodology for department contributions into self-insured funds and prepare and provide a presentation of the study’s results to city representatives.
(2) All question must be submitted no later than April 19, 2019.

[C] Eligibility:

- Onshore (USA Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location

Expiry Date : Monday, 29 April, 2019

Question Answer Deadline : Friday, 19 April, 2019

Category : Medical Billing and Coding

Country : USA

State : North Carolina

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